ServiceMaster in flux: No CEO

ServiceMaster in flux: No CEO

Steve’s breakdown: The winds of change are blowing at ServiceMaster so check into it. ServiceMaster brands include Terminix, TruGreen, American Home Shield, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec.

MEMPHIS, TN: Hank Mullany has resigned as chief executive officer of the ServiceMaster Co.

John Krenicki Jr., a senior partner at the private equity firm Clayton, Dubilier & Rice who joined the company earlier this year as chairman of ServiceMaster Global Holdings Inc., will serve as the company’s interim chief executive officer while it searches for a successor.

ServiceMaster Global Holdings is the parent company of ServiceMaster.

Clayton, Dubilier & Rice was among the equity sponsors that acquired ServiceMaster in 2007. The company said there’s no specific timetable for hiring a new chief executive officer.

Krenicki will serve in the dual roles of chairman and chief executive officer while the search is conducted.

Prior to joining Clayton, Dubilier & Rice, Krenicki spent 29 years with GE, where he served as the company’s vice chairman, and president and chief executive officer of its $50 billion GE Energy division.

Krenicki said he was excited about the company’s future.

“It starts with the more than 20,000 associates who passionately care about our brands and the 8 million customers we serve every year. We also have an experienced leadership team that’s motivated to deliver results,” he said in a statement.


ACLink: [acLink name=”The ServiceMaster Company” type=”advertiser” id=”aW5omao=”]

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